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Search Results 0 to 49 of about 52 (some duplicates have been removed)
mostly to the moderator, jim lehrer of pbs. >> we still have trillion dollar deficits. the cbo says we'll have a trillion dollar deficit each of the next four years. >> reporter: these two men, they are virtually strangers to each other personally. they've only met in person three times before tonight. most recently, in passing, on a debate stage in new hampshire way back in 2008, when republicans followed democrats in debate three days before the primaries. and there was this brief encounter on the campaign trail in 2007. >> good luck to you today. >> reporter: and while they have both reached the pinnacle of party politics, they are so different. their talents and their paths to power and their debate styles. so much at stake on that stage tonight. this showdown comes at what might be the critical moment in this campaign. a hinge of political history. polls show the race tightening, just 34 days left in this campaign. and you can already sense in the crowds the special energy of the home stretch. but tonight, surprisingly, and in contrast to the daily scrap on the trail, no zingers,
the congressional budget office estimates a federal budget deficit at $1.1 trillion. the fourth straight year of trillion dollar deficits. it was a slight improvement from the 2011 deficit of $1.3 trillion. starbucks will add 1,000 stores in the u.s. over the next five years. the coffee giant's ceo said the expansion will add total of 20,000 jobs that. is good news. >>> california gas prices increased 36 cents in one week. the average price of regular gas across the state is $4.49 a gallon the highest in the nation. >>> dave and buster's halts plans to launch a initial p.m. ofsh. yesterday the company first filed to go public in july. >>> rooper jay-z is live streaming his final con terse in new york city's barclay center. will air on his new channel on youtube. [buzzer] just in time that is today's speed read. >>> the u.s. unemployment rate as i'm sure heard fell to 7.8%. one economist said expected to rise to 8.2%. dean baker, economic policy and research director said the unemployment rate drop certainly a statistical fluke. we don't have to quote him because we have him. he is here right
the deficit and joblessness, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's runningmate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you
in deficits. >>> hundreds of mexicans are involved in the fast and furious. this is a terrible story, hundreds of mexicans may be involved. should attorney general holder be fired immediately over this new information? >>> the ism signals no recession, that's good. but is the obama-bernanke qe stimulus plan going to bail out the president in this election and what about down the road, does it give us a huge inflationary bubble? lee munson, he's chief investment officer of a port folio. you have got the feds blowing smoke and water and money at the stock market. we did have a good manufacturing report today, i like that because that's good for america. a lot of stuff that's not so good like jobs or unemployment. are you a bull or a bear? do you believe the market's going to go up or down? >> i believe it's going to go up, but the ism report, earlier this year we had bad job numbers and the market could lose steam going into the election, job numbers started to pick up all of a sudden, this manufacturing thing has been put to rest and it's going to alou us to focus more on this election. >> are
the deficit in half in his first term. he's not been asked the simple basic questions by anybody. how did we get to -- >> except by univision. >> sean: one example. >> they haven't even hit him on the outright lie about libya. another anticipated obama argument, this crisis was caused by two wars and push tax cuts. that's so easily refuted. 2007, $161 billion deficit with two wars raging and bush tax cuts implemented in 2003. what romney really needs to do, though, is stress the urgency. none of this john mccain, obama will make a fine president. no. if obama is re-elected, this country is over as we know it. >> yeah. >> he needs to stay that in no uncertain terms. i say this, not because i'm a partisan, i'm scared to death of our lifetime earnings being in jeopardied, i'm scared to death of our liberty, of our prosperity. the american dream is gone. he doesn't believe in opportunity. he believes in expanding the welfare state and the dependence cycle. he believes in expanding obama phones and not putting people back to work and giving people human dignity. >> right. >> sean: i've never met
was driving the federal deficit. >> pelley: campaign 2012 reports from jan crawford, nancy cordes, and wyatt andrews. seth doane on the deadly meningitis outbreak spreading to more states. holly williams is on the syrian border as tensions mount with neighboring turkey. and ben tracey with seniors who believe neither food nor life should be wasted. >> we've still got a lot of good years in us and we can help a lot of people and that's the main thing we're doing. captioning sponsored by cbs captioning sponsored by cb this is the "cbs evening news" with scott pelley. >> pelley: good evening. 3ith just 33 days to go, the presidential election is suddenly looking a whole lot different than it did 24 hours ago. republican challenger mitt had ey did what he had to do in the first debate to turn his campaign around. have a look at our poll of cocommitted voters. voters who told us before the debate they had not made up their minds or could still change them. after watching the debate, 46% said governor romney won. less than half that thereby, 2%, said president obama won. 32% called it a tie. and l
way you could do that is with large budget deficit and for better or worse, we're not seeing big enough deficits because everyone in washington's got this deficit hysteria, even though we're paying 1.6% interest on ten-year bonds. >> well, how about some clarity? how come ceo after ceo and manager after manager come on this program and tell me the same thing? i'm not going to move. i'm not going to put money into the economy. i'm not going to hire new workers because i have no idea what my tax rates are going to be. >> they want tax cuts. >> no, i think -- >> if you look at their investment -- >> i think they want clarity. >> i look at the data. if you look at investment equipment and softwares, i'm leaving out structures for exactly the reason your previous segment said. there's a huge vacancy in most categories in unresidential real estate because of the prior building boom. if you look at equipment and software investments and share of gdp, we're almost back to the prerecession level. so the fact is generally they actually have been investing in spite of what they're telling y
a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with choina on auto parts. today it's $10 billion. that's why the president at the ur urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american manufacturing, standing up for american workers against china. we have a new steel mill. we're seeing jobs actually come to this country or stay in this country because we're standing up and enforcing trade rules. >> romney and the republicans keep talking about another tax cut for the job creators. don't we just see them increasing their profits by outsourcing this way? i mean, the model that romney wants to lay on the country, how could it be good for workers in ohio? >> well, it's not. we tried these tax cuts for the rich. hoping it trickles down to the middle class, it doesn't work. what works is when you build t
about the economy, talking about the deficit, talking about four years of president obama would be detrimental to the country. it's pretty plain and simple. president obama and republican nominee mitt romney are laying low today because they're getting ready to prepare for the debate, so it's the number 2s on the campaign trail. right behind me here, here's paul ryan stumping here in new hampshire, a crucial battleground state. when he's done here, he goes to ohio later today. another very big important battleground state. and that's the whole idea here, as the president and mitt romney get ready for the debate. paul ryan and vice president joe biden are on the campaign trail. specific new hampshire. the race here is kind of close. the most recent poll shows president obama with a five-point advantage over mitt romney. definitely a very close contest here in new hampshire. this is a state that may not know paul ryan very well, but knows mitt romney very well, who was governor of neighboring massachusetts. he owns a vacation home here in new hampshire. spends a lot of time in thi
a firestorm in his party. it's obvious with a deficit of more than 7% of gross go mess tick product, any solution to our budgetary problems has to involve spending cuts and tax increases. ronald reagan agreed to tax increases when it hit 4%. george w. bush did. but today's republican parties is organized around the proposition that no matter the circumstances, there must never be a tax increase of any kind. the simpson-bowles proposal calls for 1% for every $3 of spending cut bus every republican presidential candidate during the primaries including romney pledge thad he or she would not accept $10 of spending cuts if that meant $10 of tax increases. so romney could present a serious plan and then h would face a revolt within his own party. so his solution has been to be it lerly vague about how to deal with the actually deaf sit. when pressed for details he said, the devil's in the details. he's right. were he to get specific he would be committing ideological blasphemy. instead he talks about freedom and capitalism. the same pattern emerges on immigration. he says he wanted to solve th
. it's like saying what's going to bring the united states back to e healthy and manageable deficit. ck reporter: and the more imminent threat to the economy may be the so-called fiscal cliff. lledratings agency fitch has genc uncertainty about u.s. fiscal policy is the single- olggest near-term threat to the global recovery. >> winston churchill once said that the americans always do the right thing but only after extinguishing every other possibility. ther is precisely what the americans are doing here. >> reporter: bremmer believes washington won't go over that cliff, but fixing europe could take years. yain reportedly could request a nuro zone bailout as early as next weekend. ekenelley: anthony, thanks very much. those are some of the same tions ons we put together to one of the most powerful women in the world economy. christine legarde is managing ristiner of the international monetary fund. the i.m.f. is essentially a massive bank set up after world war ii to help countries with herrnational trade. lagarde was a french finance minister. she took over the i.m.f. last slower. at h
leads according to our poll, on unemployment and the deficit. let me ask you this, ben, because one thing our viewers may assume is that democratic base is now energized and the convention is now partly responsible for that. rece recently, jim -- our new poll, how do you feel strength of support, 72% of voters are strongly excited. that's a virtual tie and extremely or very enthusiastic about voting in november, 65% of republicans. 64% of democrats. does that worry you? in '08, part of the reason the president won was his people were way more enthusiastic than john mccain's. >> we heard enthusiasm on the republicans side last year and now it's down to turn out. people are voting right now. today. they're starting to vote tomorrow this ohio. our supporters are camped out at polling places and thousands more democrats voted in iowa last week than republicans. that's the way we've built this organization on the ground for the past 500 days. we're ip venvesting in a ground organization. >> we'll hit pause there, but going to be talking a lot to both of you in the next 30 some odd days a
to get reelected, he faces a deficit among women voters of about 12 points. interestingly though, the most politically damaging thing about that awkward introduction to the national political universe might not have been what mr. brown said about his daughters while they tried to make him stop, but what happened right before that. >> scott brown's victory is a shot heard around the world. here he is, the united states senator from massachusetts, scott brown. >> the man who introduced scott brown at his victory party was his dear friend and political ally mitt romney. these days if you went by massachusetts politics, if you only had massachusetts media fed into your home, you'd have no idea that the same guy was running for president. today was the second debate between scott brown and elizabeth warren. two things you'll remember in the first debate. the first the vee mans he attacked elizabeth warren on the basis of race in the first debate saying he could tell by looking at the law professor that she wasn't really native american. that was followed up by two scott brown tv ads a
the question about how do you keep the code without increasing the deficit. but it's a promising proposal that tax policy exports like because it is achievable. now, if you lump the deductions together and don't fight them one by one and have a cap, that is easier to get done. >> on that 17,000, a, do you think we're going to hear about it tonight? does that include things like charitable deductions, mortgage deductions? how far do you think that goes? >> reporter: yes, it does. >> 17,000 cap across the board. that is meaningful. that would have a huge impact on the real estate market, it would have a huge impact broadly. >> reporter: yes, i believe from what i was reading yesterday, and i haven't gotten a chance to delve into it that $17,000 level was set purposefully because people in the under $200,000 income category generally speaking don't have more than that, right? but it makes it easier to begin taking on deductions as you move up the scale. so i do think it's positive. i would expect him to get asked about it and, you know, if he starts sketching out a little bit how he would re
doing to get it back? the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tu nrk isa are being weed if turkey tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being questioned in turkey. and the understanding is that they were somehow allegedly tied to the attack in libya. which killed the ambassador. now, they were on the watch list that the u.s. compiled. that was given to the turks and the turks picked them up, apparently came into the country this week and the fbi is hoping they will have some type of access to them. >> questioned them already, but would like to have a chance to. >> right. >> there was also another development today in this investigation. this e-mail between the state department and the team benghazi surfaced. what do we
dollar deficit we'll not spend federal fund to subsidize a couples making over $100,000 a year. melissa: why should have charity for anyone in that case? i wonder who is the government official that decides at what point do we draw the line and say, this person deserves it, even though they didn't pay into it, at that level beyond that date and this next very first person does not deserve it and that's where the cuttoff is? i have the problem with someone in washington making that decision for any family. >> well, of course that is the problem with government intervention is that it is very blunt. it is very broad. the government doesn't do a very good job of handling many things. melissa: no. >> but at the same time, you have to draw a line somewhere and say look, we're in a horrible fiscal situation. we've got to make cutbacks. imagine you've got two-income couple, a doctor and lawyer and the lawyer loses his job. well that is still a family with a six figure income there. why should we be taxing all americans to send them benefits? i mean --. melissa: i don't know, james. i don't wan
record. president arguing romney's plan on taxes and the deficit are the same types of ideas that caused the recession. here's what romney had to say about tackling the ballooning debt. >> i think it's not just an economic issue. i think it's a moral issue. i think it's frankly not moral for my generation to keep spending massively more than we take in, knowing those burdens are going to be passed on to the next generation. and they're going to be paying the interest and the principal ail their lives. and the amount of debt we're adding at a trillion a year is simply not moral. >> jim, that's a message that is probably pretty effective to a middle-income voter in ohio or pennsylvania. but i know last night you were all about the things that were said about coal, things that were said about solar, and there were a million trades in there last night. >> at jim cramer on twitter, i try to come to play with what i can do, which is that if you wanted to know specific stocks to buy off this, of which by the way, there were many, if you felt that obama were to lose and romney to win, this is a
specifically about what his plans are for this country. that's been a huge deficit for him over the course of this campaign. no specifics, no details. so i think that is part of the burden he carries next wednesday night. >> i suppose one of the problems for you is that barack obama is in the strange position of being the quite clear favorite. i don't think many incumbent presidents have that going into debates but people say i saw a poll this morning, he's up nearly 60% of americans believe obama will win the debates. that's always a rather precarious place to go into a debate, isn't it, as the clear favorite because expectation levels can often exceed performance. >> that is definitely the case. you know, the president -- we're taking this debate very seriously. we know that there's a certain expectation on our side. we also know what history tells us, that challengers normally win the first debate, just by the fact that they're standing on the stage with the president. that elevates them. and they normally come into these things as underdogs so we're coming into this debate very realist
it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to moveorward as a country. >> that's a goal though, right? >> educating, training two million new workers in our community colleges in conjunction with business to fill jobs that are open right now. boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and, candy, i believe that they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> a jury will render verdict november 6th. >> no, they haven't. >> for two years jobs -- >> some of the specific proposals haven't, but, candy, think about the logical extension of what you're saying. what you're saying is so we
anything to bring down the deficit. but attacks at character assassination make it a lot harder to solve problems, to compromise to sit down and get something done. >> coming from the face of republican obstructionism, how do you respond to that, quickly. >> well, it's an incomprehensible jumble of words. i wasre
created, and the budget deficit went up again through the roof and all of those things. but that's why i created also the schwarzenegger institute at the usc so that i can continue on these policies and solve problems in the future, even though i'm out of office. i will continue to be a public servant. >> you took part in two debates, one when you became governor, one later when you were governor. what advice would you have for mitt romney in particular, as a republican, but also barack obama, the president. they're going head-to-head tomorrow. what's your advice? >> i think that in the debates, the most important thing is to be real. i don't want to give advice to those guys because look, first of all, romney and obama, both of them are very skilled and very smart and they have maybe political differences in how to approach the problems, but -- >> what was your strategy, then, in debates? >> to be as honest as possible and not to drop a lot of numbers and facts and statistics because people don't remember that. you've got to be able to look right into the screen and to communicate with
tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. that's part one. number two, i will not reduce the share paid by high-income individuals. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure
're not happy with the deficit plans, you're not happy with the tax plans. but the thing that really caught my eye because it's the credo of this show. you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was politely cleaned. it was very -- it was
% say reforming the tax code. 33% say reducing the federal deficit. 6% say health care. 15% say i don't really care. fascinating. >>> let's see what's coming up on street signs. mandy? >> okay. we're going to take a look at why oil prices are dropping for all the wrong reasons on street sign. yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when
that people feel is missing. >> eric: where is the proof? you say you arut canning the deficit and create four million jobs. give us ideas. we haven't heard them. >> steve: head line is that the president is lying in his ads. he said they don't hold the president accountable in the main stream med yampt -- media . rasmussen shows how many people are for the president and how many for mr. mitt romney . rasmussen poll was accurate in 2004 and 8 getting the results according to the track being poll. 43 percent said they are certain to vote for romney and 42 percent certain vote for obama and 15 percent haven't decided . >> gretchen: that's huge. that is a dead heat report to look at the certainty of these people they are voting early right and these people who know in the debates who they will vote for. these debates are for the undecided it is a huge chunk of the population. other than voters turn out of the base. that will turn the election>> eric: that is 10-20 percent of the undisguisable and persuadable. throw that poll up one more second. in the bottom of that. likely voters. those are the
Search Results 0 to 49 of about 52 (some duplicates have been removed)